"Goop's recent layoffs are aimed at optimizing operational efficiency and revenue growth, specifically targeting key verticals of beauty and fashion," a spokesperson for Goop stated.
"After the first round of layoffs, we were back in growth mode," Paltrow insisted, indicating optimism about Goop's direction despite employment cuts.
"The company has pivoted to focus primarily on beauty, food, and fashion as part of its restructuring efforts, sidelining less profitable divisions," the spokesperson detailed.
Paltrow admitted, "Accepting significant venture funding has its challenges, particularly with demands for scaling and rapid growth expectations from investors."
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